Elbows-Up Economics

"Consumer (non-mortgage) credit climbed 0.2% (+$1.3 billion) to $835.7 billion in July, up 4.7% (+$37.6 billion) since last year. The growth rate remains higher than mortgages, and this isn’t one of those good consumer growth surges. 

The recent consumer credit bump is due to consumption smoothing and/or distress borrowing, according to TransUnion. Smoothing occurs when households use debt to avoid cutting expenses when their incomes fail to keep up. The credit agency warns that households are tapping higher-interest revolving credit to absorb the higher cost of living. TransUnion also found that mortgages were rising under similar circumstances, as balances are climbing on existing accounts, not new borrowing."

Canadian Debt Hits $3.29 Trillion As Distress Borrowing Surges - Better Dwelling

Elbows-Up Economics

Elbows-Up Economics

 Who cares though! At lease we're not American.  Right, Liberal's?

Trump turns to Russia’s closest ally after Ford threatens to cut off potash

Canada is well suited for the EU.

I guess this is why Carney Marx has all his money in the US and not Europe.  What is best for Carney is best for Canada. 51st over EU anyday.

Elbows up Economics

Of course this is just coincidence.  How long until Green fuel will be mandatory and the cost of air travel  increases exponentially for Canadians?